With Zillow Offers, sellers can get a no-obligation cash offer from Zillow to buy their home and pick a close date of their choice
SEATTLE, April 15, 2019 /PRNewswire/ -- Home sellers in Dallas can now use Zillow Offers to request a no-obligation cash offer from Zillow to buy their home. Dallas is the second Texas market, following Houston, where Zillow is now buying and selling homes.
Selling a home is one of the most stressful aspects of homeownership, and Zillow Offers is designed to give home sellers more control and certainty. Starting today, potential home sellers in Dallas will be able to request a free, no-obligation cash offer from Zillow to buy their home. Once the seller accepts the offer, they can pick a close date that works best for them.
"Zillow Offers is helping transform the real estate transaction by giving consumers more of what they want – a seamless, convenient way to sell and buy a home, and on a timetable that they control," said Zillow Brand President Jeremy Wacksman. "With such a dynamic and fast growing housing market, Dallas is a natural place to expand this service next. Starting today, we are thrilled to give Dallas-area homeowners a simple, stress-free, on-demand real estate experience."
Zillow Offers allows home sellers the luxury of selling without having to prep the home for sale or host open houses, avoiding the extra cost, hassle and time associated with a traditional sale.
Timing the sale of a home with the purchase of a new one is a top concern for sellersi, and according to Zillow's latest research, 61 percent of sellers are buying a new home at the same time, which adds significant stress and financial complexity to the process. Zillow Offers is designed to accommodate all types of sellers, whether they need to close quickly for a job across the country or want to close on a longer timeline to search for their dream home.
Dallas is the ninth market where Zillow now directly buys homes, prepares them for showings and quickly lists them for sale. Zillow Offers launched nearly a year ago and already receives a request for a cash offer every five minutes, which translates into an estimated $100 million in demand value every day.
Zillow Offers is available in Phoenix, Las Vegas, Atlanta, Denver, Charlotte, Raleigh, Houston and Riverside. Zillow has already announced plans to be active in Miami, Minneapolis, Nashville, Orlando and Portland by the fall of 2019.
Buyers who purchase a Zillow-owned home will be able to pick a move-in date of their choice and have the confidence of moving into a home that's been professionally repaired, refreshed and move-in ready.
Additionally, consumers using Zillow Offers - whether they are selling to or buying from Zillow - can experience an even simpler and shortened real estate transaction if they decide to get financing from Zillow's affiliate lender, Zillow Home Loans. Homeowners using Zillow Offers to sell their home can quickly and easily get pre-approved for a mortgage through Zillow Home Loans, giving them the certainty to be able to sell their existing home and shop for a new home simultaneously.
Home shoppers who want to purchase a Zillow-owned home may use Zillow Home Loans to seamlessly finance their home purchase, giving them a convenient way to get into their new home on their timetable, with less hassle and stress.
In every market where Zillow Offers is available, Zillow works with local agents and brokers on every transaction. Zillow pays a commission to local real estate agents when it buys and sells each home, and agents remain at the center of every Zillow Offers transaction. A local Dallas broker will represent Zillow in each transaction.
The Zillow Offers program also gives local brokerages and Premier Agents the opportunity to acquire new for-sale listings by connecting them with motivated sellers who have taken a direct action to sell their home. Sellers who request a Zillow Offer, but decide to instead sell their house traditionally with an agent or do not receive a Zillow Offer, will be connected with a local brokerage or Premier Agent.
About Zillow Group
Zillow Group, Inc. (NASDAQ:Z) (ZG) houses one of the largest portfolios of real estate brands on mobile and the web that attract more than 160 million people every month. Zillow Group is committed to leveraging its proprietary data, technology and innovations to make home buying, selling, financing and renting a seamless, on-demand experience for consumers. As its flagship brand, Zillow® now offers a fully integrated home shopping experience that includes access to for sale and rental listings, Zillow Offers™, which provides a new, hassle-free way to buy and sell homes directly through Zillow; and Zillow Home Loans, Zillow's affiliated lender that provides an easy way to receive mortgage pre-approvals and financing. Other consumer brands include Trulia®, StreetEasy®, HotPads®, Naked Apartments®, RealEstate.com and Out East®. In addition, Zillow Group provides a comprehensive suite of marketing software and technology solutions to help real estate professionals maximize business opportunities and connect with millions of consumers. Zillow Group business brands for real estate, rental and mortgage professionals, including Mortech®, dotloop®, Bridge Interactive® and New Home Feed®. The company is headquartered in Seattle, Washington.
Zillow, Mortech, Bridge Interactive, StreetEasy, HotPads, Out East and New Home Feed are registered trademarks of Zillow, Inc. Zillow Offers is a trademark of Zillow, Inc. Trulia is a registered trademark of Trulia, LLC. dotloop is a registered trademark of DotLoop, LLC. Naked Apartments is a registered trademark of Naked Apartments, LLC. Mortgage Lenders of America, LLC is an Equal Housing Lender; NMLS 10287.
i According to the 2018 Zillow Group Consumer Housing Trends Report.